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the economy pretty fast" if lawmakers don't settle the fiscal cliff issue. he's chief economist of moody's analytics. so mark falling off the fiscal cliff means bad things. how bad? >> it could be quite bad, susie. i don't think it's if we get into january and we haven't settled this but if house makers haven't nailed this down by early february, i think stock investors, bond investors will start to get very very nervous, start selling, risky businesses pull back and by the end of february when we start approaching the ceiling for the debt limit, i think we'll be back in recession. it will be a fairly severe recession. so policy makers have a few weeks but not much more than that. they have to get this together. >> susie: some people are saying that today's jobs report is very encouraging and that you can look at this as a way that maybe the economy can handle some stuff belt tightening because things are looking a little bit better. how do you think the various parties, republican and democrats will handle this jobs report in their fiscal cliff negotiations
the economy pretty fast" if lawmakers don't settle the fiscal cliff issue. he's chief economist of moody's analytics. so mark falling off the fiscal cliff means bad things. how bad? >> it could be quite bad, susie. i don't think it's if we get into january and we haven't settled this but if house makers haven't nailed this down by early february, i think stock investors, bond investors will start to get very very nervous, start selling, risky businesses pull back and by the end of...
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obama care taxes or for that matter the fiscal cliff tax hikes that are coming. let's faulk about this. we have igor volsky and guy benson. guy benson, i am glad they have won't up to this lousy medical device tax but did someone say minnesota where, wait, medtronic and st. jude medical are the biggest companies? they're the ones that make the equipment? and senator klobuchar and senator al franken are all of a sudden making a beef because it's in their state? where they been, guy benson, and when did they discover that taxes are job kimmers? >> i thought that wasn't the case at all. you're right. they didn't just wake up to this. let's be completely honest about what happened here. they knew all along that the medical device tax was not just a job killer but would really stifle medical innovation. we've heard this from people across the spectrum. the people involved in this industry who are making america the leader when it comes to world medical innovation, they're saying this is really going to put a crimp in what we're able to accomplish. now at the last minu
obama care taxes or for that matter the fiscal cliff tax hikes that are coming. let's faulk about this. we have igor volsky and guy benson. guy benson, i am glad they have won't up to this lousy medical device tax but did someone say minnesota where, wait, medtronic and st. jude medical are the biggest companies? they're the ones that make the equipment? and senator klobuchar and senator al franken are all of a sudden making a beef because it's in their state? where they been, guy benson, and...
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cliff if taxes are not raised. >> the administration prepared to go over the fiscal cliff? >> absolutely. there is no prospects in agreement that doesn't involve the raise going up on the top 2 percent. >> house speaker bane another a boehner and president obama have been talking by phone. not much progress was made. boehner says if he doesn't agree with the propose sal he has obligation to submit one of his own. >> the missing girl battling leukemia is safe and is being treated in new mexico. she was taken out of a hospital in phoenix. her mother took her. doctors are worried she could potentially get a deadly infection. the girl's father claims the hospital was to blame for a different infection which cost emily her right arm. he's refusing to tell police where she is in mexico. both parents could face criminal charges. >> shock, disgust and fear spread quickly on the campus of the university of -- one details the exact moment they realty lied they were in a major crisis. it reads subject emergency the shooter at the aurora mall last night was james holmes i am worried ab
cliff if taxes are not raised. >> the administration prepared to go over the fiscal cliff? >> absolutely. there is no prospects in agreement that doesn't involve the raise going up on the top 2 percent. >> house speaker bane another a boehner and president obama have been talking by phone. not much progress was made. boehner says if he doesn't agree with the propose sal he has obligation to submit one of his own. >> the missing girl battling leukemia is safe and is being...
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>> well, across the country, i think this whole issue around taxes and around the fiscal cliff generally leads to something else, which is significant uncertainty. and whether it is delaware or whether it is any other state, one of the things that is most important to us is having business leaders have some kind of certainty about what the ground rules are going to be. not just for the next three months, by the way. but really for the next several years. they're more likely to invest, more likely to hire their next employee if they know what the game looks like. what the landscape looks like. and so as much as anything else, we think having that certainty, having that clarity on taxes and spending, is really important. >> susie: you said you are also very concerned about where growth is going to come from. did you discuss that withou the president, won did he say, aside from tax increases and spending cuts? >> one of the things we specifically talked about was infrastructure. it didn't used to be that roads and bridges were democrat or republican. we need to continue to invest in our inf
>> well, across the country, i think this whole issue around taxes and around the fiscal cliff generally leads to something else, which is significant uncertainty. and whether it is delaware or whether it is any other state, one of the things that is most important to us is having business leaders have some kind of certainty about what the ground rules are going to be. not just for the next three months, by the way. but really for the next several years. they're more likely to invest,...
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will political gridlock force us over the fiscal cliff and into a new recession with higher taxes for everyone? house speaker john boehner called it another wasted week. >> well, this isn't a progress report because there's no progress to report. > report. >> schieffer: the president won't budge. no deals unless it includes higher taxes on upper income people. >> we're going to have to see the rates on the top two percent go up. it's not me being stubborn. it's not me being partisan. >> schieffer: the president says it's math, but is it math or politics. we'll talk with former republican senator it alan simpson, and clinton white house chief of staff, erskine bowles, who chaired the first deficit reduction commission. they're concerned about the dangers ahead. so concerned that simpson took to the dance floor to urge young people to get involved. we'll also get the take of rising democratic star cory booker, the mayor of newark. what's his answer to the washington gridlock? and is he planning a run for governor against chris christie. for analysis, we'll turn to joe klein of "time" ma
will political gridlock force us over the fiscal cliff and into a new recession with higher taxes for everyone? house speaker john boehner called it another wasted week. >> well, this isn't a progress report because there's no progress to report. > report. >> schieffer: the president won't budge. no deals unless it includes higher taxes on upper income people. >> we're going to have to see the rates on the top two percent go up. it's not me being stubborn. it's not me being...
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in a fiscal cliff free fall, tax rates on capital gains could rise to 24%. those dividends could increase to a whopping 44%. here now is former reagan economic adviser art laugher. how can you have capitalism without capital and why is there a war on capital, that includes cap gains, that includes dividends which will triple. it also includes the estate tax. why is there a war on capital? >> i have no idea, larry. i think it's just pure politics. but it's sort of lovely the words and looking them up. i understand that the french don't have a word for entrepreneur or laissez faire. [ laughter ] >> because they never use it. >> they never use it. economics is all about incentives. if you tax people who work, you pay people who don't work, don't be surprised if you find a lot of people not working. it's the rich issue here, which is just fascinating to me. if you tax rich people and give the money to poor people, you're going to get lots and lots of poor people and very few rich people. just look at what happened in britain two years ago when gordon brown raise
in a fiscal cliff free fall, tax rates on capital gains could rise to 24%. those dividends could increase to a whopping 44%. here now is former reagan economic adviser art laugher. how can you have capitalism without capital and why is there a war on capital, that includes cap gains, that includes dividends which will triple. it also includes the estate tax. why is there a war on capital? >> i have no idea, larry. i think it's just pure politics. but it's sort of lovely the words and...
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they'll do the fiscal cliff stuff and tax reform by august 1 of next year. >> but the speaker so far has not had a rebellion underneath him. he has said things that continue to move in this direction without a rebellion. here's what happened oned with. the president called speaker boehner, my congressional add aides are going to meet with your people. what ron neighbors said tell us what you want after you agree to rates. the white house thought that was an accommodating conversation. the republicans interpreted that as seeking their humiliation. so even within the contours of conversations that are direct and face to face, there are wildly differing interpretations. >> republicans, by the way, know if boehner crosses that bridge, that it could be immediately leaped and get a democratic victory dance on rates without really getting serious on the other side. that's what the lack of trust causes in this process. >> schieffer: i guess in the final analysis, nothing is going to happen until the last minute of the last hour, though, it seems to me. >> and the closer we get to that, the s
they'll do the fiscal cliff stuff and tax reform by august 1 of next year. >> but the speaker so far has not had a rebellion underneath him. he has said things that continue to move in this direction without a rebellion. here's what happened oned with. the president called speaker boehner, my congressional add aides are going to meet with your people. what ron neighbors said tell us what you want after you agree to rates. the white house thought that was an accommodating conversation. the...
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that would seem to back up a republican theme in the fiscal cliff argument. >> if we raise taxes on the top two rate, a million small businesses who employ 25% of the work force it will cost us over 700,000 jobs and reduce economic growth, lower take home pay and those things. that is a bad scenario. >> the league negotiator on the republican side of the table facing mr. obama says raiding taxes on upper -- raising taxes on upper income americans is not going to fix the problem that the country is facing. >> even the president got the tax rate hike he wanted understand we would continue to see trillion dollar deficits for as far as the eye can see. listen, washington has got a spending problem, not a re-knew problem. >> for many top democrats it's all about taxes and not spending cuts in averting the fiscal cliff. >> the facts are at that point the 39.6% does produce the revenue. the differentiation between 39.6% and the 28% at that the president has for limitation on deduction creates a great deal of money as well. >> one conservative financial commentator suggests the likely outcome o
that would seem to back up a republican theme in the fiscal cliff argument. >> if we raise taxes on the top two rate, a million small businesses who employ 25% of the work force it will cost us over 700,000 jobs and reduce economic growth, lower take home pay and those things. that is a bad scenario. >> the league negotiator on the republican side of the table facing mr. obama says raiding taxes on upper -- raising taxes on upper income americans is not going to fix the problem that...
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rates. >> with no breakthrough today, fiscal cliff negotiations, could this be a starting point? "outfront" republican congressman james lankford of oklahoma, incoming chairman of the republican policy committee, the fifth ranking position in the house gop leadership. appreciate you're taking the time. what about this idea of racinin taxes on everyone? the math works much better. >> i heard your lead in when you said this is a new idea. actually, it's not a new idea, there are several democrats who have floated that for a while. the code word is we want to go back to the clinton tax rates and talk about the clinton economy that we had a much more vigorous economy and growth and we should go back to the clinton tax rates. what that really means is all tax rates on all americans go back up because the tax rates were brought down in 2001 and 2003. i don't support that. i don't think that's a great idea. it would slow down the economy. >> when you look at economist's evaluations, it would slouw dow the economy. it would. there's no question about it. but if the problem is that we hav
rates. >> with no breakthrough today, fiscal cliff negotiations, could this be a starting point? "outfront" republican congressman james lankford of oklahoma, incoming chairman of the republican policy committee, the fifth ranking position in the house gop leadership. appreciate you're taking the time. what about this idea of racinin taxes on everyone? the math works much better. >> i heard your lead in when you said this is a new idea. actually, it's not a new idea, there...
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cliff. treasury secretary tim geithner says the administration will allow the nation to be slammed by tax hikes and spending cuts in the new year if the republicans do not agree to raise taxes on wealthy americans. the gop slammed geithner's comments as, quote, irresponsible. >>> a new york city homeless man has been charged with second-degree murder in the death of a man pushed in front of a subway train. 30-year-old naeem davis being held without bail. he has several prior arrests and served two years in prison for robbery. on wednesday, the victim's family spoke out. his daughter said she wishes someone would've helped her father off the tracks, but said, quote, what's done is done. >>> a candle light vigil in evansdale, iowa. on wednesday, hunters discovered two bodies that are believed to be missing cousins 11-year-old lyric cook and 9-year-old elizabeth collins. they were last seen in july. they disappeared while riding their bikes. >>> kate, the duchess of cambridge has left the hospi
cliff. treasury secretary tim geithner says the administration will allow the nation to be slammed by tax hikes and spending cuts in the new year if the republicans do not agree to raise taxes on wealthy americans. the gop slammed geithner's comments as, quote, irresponsible. >>> a new york city homeless man has been charged with second-degree murder in the death of a man pushed in front of a subway train. 30-year-old naeem davis being held without bail. he has several prior arrests...
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president obama and house speaker john boehner talked by phone today about the so-called fiscal cliff-- those tax hikes for most americans and massive spending cuts that will kick in the first of the year unless two strike a budget deal. a republican source tells us that the president has cut his demand for more tax revenue from $1.6 trillion to $1.4 trillion, but the source said that the lower figure is no more acceptable to republicans. but the negotiations continue in private. the united states has a lot at stake in the syrian civil war. president obama has suggested that american firepower might be needed to prevent the dictatorship from using chemical weapons. we've learned that tomorrow the administration will endorse one of the rebel groups that is now fighting to overthrow bashar al- assad. who are these new american allies? clarissa ward found their leader in brussels. >> reporter: moaz al-khatib is the man chosen to lead a newly formed coalition of syria's opposition groups. what does it mean to be recognized by the u.s.? "the u.s. administration has big influence globally"
president obama and house speaker john boehner talked by phone today about the so-called fiscal cliff-- those tax hikes for most americans and massive spending cuts that will kick in the first of the year unless two strike a budget deal. a republican source tells us that the president has cut his demand for more tax revenue from $1.6 trillion to $1.4 trillion, but the source said that the lower figure is no more acceptable to republicans. but the negotiations continue in private. the united...
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cliff unless republicans bend on taxes. a comment by former democratic potential candidate howard deen frighted republicans that the debate is not just about raising taxes on the rich. >> the truth is everybody needs to take more taxes, not just the rich. that's a good start, but we're not going to get out of the deficit problem unless we raise taxes acss the board. to go back to what bill clinton had. >> now, some liberals pushed the president to invoke the 14th amendment claiming that gives him the executive power to raise the debt limit himself, but jay said today the white house studied that proposition and decided the president does not have that executive power meang we headed for another show down with congressver raising the debt ceiling. lou: the fiscal cliff and now a new ultimatum on the national debt ceiling. you suppose this is the last condition? >> it's going to be a wild couple of months, maybe everybody thought with the election over, there was going to be peace and fure all of this out, bui think we're jus
cliff unless republicans bend on taxes. a comment by former democratic potential candidate howard deen frighted republicans that the debate is not just about raising taxes on the rich. >> the truth is everybody needs to take more taxes, not just the rich. that's a good start, but we're not going to get out of the deficit problem unless we raise taxes acss the board. to go back to what bill clinton had. >> now, some liberals pushed the president to invoke the 14th amendment claiming...
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>> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect of an agreement that doesn't involve the tax -- remember, it's 207b8%. remember, all of those americans, too, get a tax cut into that framework on the first $250,000 of their income. >> that said the president and speaker john boehner discussed the budget by phone yesterday. susan mcginnis is in washington with the latest on this game of fiscal chicken. susan, good morning to you. >> right. good morning, terrell. yeah, that phone call does raise the possibility that some serious talks could start soon, but now we learn that a lot of members of congress are heading out on a long weekend, not to return till tuesday, this as the impasse here on capitol hill continues and the nation waits. social security workers marched outside their office in baltimore wednesday. they're protesting the government spending cuts due to kick in at the end of the year as part of the fiscal clear. >> we don't want to see our public hurt in any way. >> just down the road in washington, d.c
>> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect of an agreement that doesn't involve the tax -- remember, it's 207b8%. remember, all of those americans, too, get a tax cut into that framework on the first $250,000 of their income. >> that said the president and speaker john boehner discussed the budget by phone yesterday. susan mcginnis is in washington with the latest on this game of fiscal chicken. susan, good morning to...
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high income people, if we rse taxes for the fiscal cliff or for debt ceiling, do you believe the will also raise taxes on middle class. 60% percent of americans understand that ce t politicians get the bloodlust out there, once they smell the bld in the water, oncehe raise taxes on the few, they go after the many. melissa: oh, i absolutely believe that's right but i think that theoint is the republicans are losing momentum on the side of not raising tas. that it is starting tofeel re and more like there must be some concession, there must be some caving to get through the fiscal cliff. when you look at senators who have said theye going back on the pledge, lindsey graham, bob corker, tom coburn, lamar alexander, eric cantor, what do you do at this point to keep the fight going? or do you thinkthat it is necessary to concede a little bit of ground? >> well, two things. the senators, e republican don't matter because thetent democratic senate can pass a tax increase if they want the senaaors you mentioned would only vote for a x increase if they g massive permant entitlement reforms of
high income people, if we rse taxes for the fiscal cliff or for debt ceiling, do you believe the will also raise taxes on middle class. 60% percent of americans understand that ce t politicians get the bloodlust out there, once they smell the bld in the water, oncehe raise taxes on the few, they go after the many. melissa: oh, i absolutely believe that's right but i think that theoint is the republicans are losing momentum on the side of not raising tas. that it is starting tofeel re and more...
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that doesn't avoid the fiscal cliff, does it? >> it avoids the tax side of the fiscal cliff. and most of the cuts in spending, except for defense and the president sees no interest in having a strong defense and we'll litigate that next year and there are opportunities to debate the spending, defense and entitlement issues next year, get the tax issue off the table, the weakest one for the republicans and let the president own it -- >> end with a wimper, not a bang. >> yes, could be. >> chris: there you go, see you next week, don't forget, check out panel plus where our group picks up right with the discussion on our web site, foxnewssunday.com and we'll post the video before noon eastern time and follow us on twitter. @foxnewssunday. this program note: tune into fox news channel tonight at 9:00 p.m. eastern for "fly me to the moon" anchored by neil cavuto it marks the 40th anniversary of the last time man walked on the lunar surface. up next on "final thoughts." about my best friend. ♪ i'm a conservative investor. i invest in what i know. i turned 65 last week. i'm getting
that doesn't avoid the fiscal cliff, does it? >> it avoids the tax side of the fiscal cliff. and most of the cuts in spending, except for defense and the president sees no interest in having a strong defense and we'll litigate that next year and there are opportunities to debate the spending, defense and entitlement issues next year, get the tax issue off the table, the weakest one for the republicans and let the president own it -- >> end with a wimper, not a bang. >> yes,...
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cliff frenzy, everyone is talking taxes but is anyone really talking about spending cuts? that is supposed to be half the deal to avoid the cliff. president obama doesn't want to talk about spending cuts. congressman aaron schaak is on the house, ways and means committee. good evening, sir. >> good evening. >> what about the spending cuts? >> the president made is very clear during his campaign he wanted a balanced approach. he talked repeatedly about raising taxes on the wealthy. he continues to talk about raising tax on the well think. >> the tax rate. >> right, the tax rates on the well think and beyond raising taxes on the well think, tax rates on the well think, he said he wanted a balanced approach etch said during the campaign he wanted $2.50 in cuts for every $1.50 in revenue. yet you saw the only proposal come from him sense the election was four dollars in revenue for one dollar in cuts. it was $1.6 trillion in revenue and $400 trillion in cuts and $300 trillion in additional stimulus spending in addition to that. but completely the opposite in cracks to his own
cliff frenzy, everyone is talking taxes but is anyone really talking about spending cuts? that is supposed to be half the deal to avoid the cliff. president obama doesn't want to talk about spending cuts. congressman aaron schaak is on the house, ways and means committee. good evening, sir. >> good evening. >> what about the spending cuts? >> the president made is very clear during his campaign he wanted a balanced approach. he talked repeatedly about raising taxes on the...
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why give in on taxes and the fiscal cliff fight when you will have all the leverage. megyn: simon? >> in the rasmussen poll that came out today the republicans lost 10 points since the election in the congressional generic fight. they are losing this economic argument right now. if they pull what mark is saying, you are going to see the republican party's numbers in the 20s. they have no leverage on this thing. >> not going to happen. megyn: we'll leave it at that. thank you both. just ahead. a much more somber note. new warning about the sarin gas threat in syria. city drivers claim a class action that the traffic cameras are actually rigged. soot whole world is watching and the president of the united states made clear there will be consequences if the assad regime makes a terrible mistake by using these chemical weapons on their own people. megyn: that was leon panetta with a warning that the united states and our allies will not tolerate a chemical attack by syria. we got reports that they were mixing the chemical weapons earlier this week. focusing new attention on saddam huss
why give in on taxes and the fiscal cliff fight when you will have all the leverage. megyn: simon? >> in the rasmussen poll that came out today the republicans lost 10 points since the election in the congressional generic fight. they are losing this economic argument right now. if they pull what mark is saying, you are going to see the republican party's numbers in the 20s. they have no leverage on this thing. >> not going to happen. megyn: we'll leave it at that. thank you both....
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rates that were there when i was predz. >> with now break through today and the fiscal cliff negotiations, is this a starting point? "outfront" republican congressman james langford of oklahoma, incoming chairman of the republican policy committee, the fifth ranking position in the house gop leadership. good to see you, sir. appreciate you taking the time. what about this idea of raising taxes on everyone? the math actually in this case is much more promising. it works much better. >> right. i heard your lead-in on it, and you said this is a new idea floated by howard dean. ints a new idea. several democrats have floated that a while. the code word is going back to the clinton tax rates and talk about the clinton economy and we should go back to the clinton tax rates. what that means is all tax rates on all americans go back up because the tax rates were brought down in 2001 and 2003. so it's not new, and no, i don't support that. i don't think that's a great idea at all. it will slow down the economy. >> all right. the truth is when you look at economists' evaluations, it will slow down
rates that were there when i was predz. >> with now break through today and the fiscal cliff negotiations, is this a starting point? "outfront" republican congressman james langford of oklahoma, incoming chairman of the republican policy committee, the fifth ranking position in the house gop leadership. good to see you, sir. appreciate you taking the time. what about this idea of raising taxes on everyone? the math actually in this case is much more promising. it works much...
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these are headlines for tuesday december eleventh two thousand and twelve when talking about fiscal cliff solutions anti-tax advocate grover norquist we all know him he says nothing's changed from two years ago when president obama agreed to extend bush tax cuts for all. income is not strong there the argument to raise tax. says now it is not only better than it was two years ago. but does the government need to tax and borrow in order to spend or is the government actually less constrained in its spending than believed and do budget deficits matter much less right now than we may think well stephanie calton chair of the economics department at university of missouri kansas city and a subscriber of modern monetary theory is here to talk about just that plus the senate is reportedly looking at extending a two thousand and eight at the i.c.c. financial crisis measure that guarantees one hundred percent of all checking account bank deposits now the c b o estimates the f.d.a. as the does not collect enough fees to offset the risk exists as another subsidy for too big to fail banks we have a r
these are headlines for tuesday december eleventh two thousand and twelve when talking about fiscal cliff solutions anti-tax advocate grover norquist we all know him he says nothing's changed from two years ago when president obama agreed to extend bush tax cuts for all. income is not strong there the argument to raise tax. says now it is not only better than it was two years ago. but does the government need to tax and borrow in order to spend or is the government actually less constrained in...
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the payout of 92 million he feared the blooming fiscal cliff and tax hike. he said he took his share of the money every month to avoid higher taxes next year. >> friends family and friends are mourning the loss of mexican american singer rivera. the 43-year-old believed to have been killed in a plane crash in mexico. her license was found in the plane. her body we are told was found this morning. even though the ntsb confirmed her death the family says they are still not losing hope. >> in our eyes we still have faith that my sister will be okay. we have no confirmation of her body being recovered. >>> we were told this morning that her body was recovered. we will have to check on that and give you word. the family is heading to mexico today. >> he was convicted of murdering a 7-year-old girl 15 years after the crime. the 73-year-old was sentenced in an illinois courthouse that case was considered one of america's oldest unsolved crimes. he had been dismissed as a suspect back when it happened and he went on to become a washington state police man. he was ar
the payout of 92 million he feared the blooming fiscal cliff and tax hike. he said he took his share of the money every month to avoid higher taxes next year. >> friends family and friends are mourning the loss of mexican american singer rivera. the 43-year-old believed to have been killed in a plane crash in mexico. her license was found in the plane. her body we are told was found this morning. even though the ntsb confirmed her death the family says they are still not losing hope....
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we take a look at how the fiscal cliff will directly affect our state if an agreement isn't reached. the biggest thing on the chopping block. hundreds of thousands of jobs! plus. it's 71 years to the day japan launched a deadlywe honor the veterans who lost their lives in that attack. >> heigthe high-tech break your budget and now dollars in gross state product. it would also mean the loss of 225-thousand jobs. and about 400,000 unemployed californians would stop getting checks at the end of the year. return "when it comes to the fiscal cliff that is threatening our economy and threatening jobs the white house has for the president if he's with a counter offer." >> congressional republicans days and counting to work will take effect. r today marks the 71st anniversary of japan's deadly attack on pearl a 21 gun salute. 7th, 1941. >>jacqueline: on 60s to cupertino, also 60s for the inland valleys. 60s in livermore, concord, and a low 60s for the east bayshore. along the coast, 60s in ocean beach. 60s for the north bay and with a look at your extended forecast areas of fog in the north
we take a look at how the fiscal cliff will directly affect our state if an agreement isn't reached. the biggest thing on the chopping block. hundreds of thousands of jobs! plus. it's 71 years to the day japan launched a deadlywe honor the veterans who lost their lives in that attack. >> heigthe high-tech break your budget and now dollars in gross state product. it would also mean the loss of 225-thousand jobs. and about 400,000 unemployed californians would stop getting checks at the end...
WHUT (Howard University Television)
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Dec 6, 2012
12/12
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WHUT
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go over the limit fiscal cliff rather than cave to republican demands for a continued tax break for the wealthiest americans. he made the statement in an interview with cnbc. >> i want to understand the administration's position on raising taxes for the wealthy, those making more than $250,000. if republicans and not agree to that, is the administration prepared to go over the fiscal cliff? >> absolutely. there is no room for an agreement that the not involve the rates going up for the top 2%. >> speaking to a roundtable of corporate executives in washington, president obama said republicans' aid to examine the reality that tax rates will rise for the wealthiest americans. >> we have seen some movement in the last several days with some republicans. there has been a recognition that, maybe, they can accept some rate increases as long as is combined with a serious impediment reform and additional spending cuts. and if we can get the leadership on the republican side to take that kramer, to acknowledge that reality, then the numbers are actually not that far apart. another way of putting
go over the limit fiscal cliff rather than cave to republican demands for a continued tax break for the wealthiest americans. he made the statement in an interview with cnbc. >> i want to understand the administration's position on raising taxes for the wealthy, those making more than $250,000. if republicans and not agree to that, is the administration prepared to go over the fiscal cliff? >> absolutely. there is no room for an agreement that the not involve the rates going up for...
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Dec 10, 2012
12/12
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FOXNEWSW
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get the tax issues off the table. >> so the fiscal cliff. >> let the president own it. >> it ends with a witcher, not a -- whimper, not a bang. >> yes. >> there you go. thank you, panel. check out the panel plus where we pick up on our website, foxnewssunday.com and we'll post the video before noon eastern time. follow us on twitter @foxnewssunday. this program note. tune in to "fox news channel" tonight at 9:00 p.m. eastern for fly me to the moon. chord by neil cavuto, a marks the 40th anniversary of the last time man walked on the lunar surface. next, some final thoughts about my best friend. >>. >> chris: we've been getting totaling here on sunday mornings for nine years now. i hope you don't mind my sharing some personal moments with you from my wife's sunday soup to the passing of my dad. well, i have something new to tell you about. something sad. ♪ ♪ >> last week we had to put up 11 our labrador winston t sleep. it is nothing less than a death in the family. winston joined us ten years ago and he was wonderful. a furry bundle of life and joy. >> it's remarkable. >> chris: he
get the tax issues off the table. >> so the fiscal cliff. >> let the president own it. >> it ends with a witcher, not a -- whimper, not a bang. >> yes. >> there you go. thank you, panel. check out the panel plus where we pick up on our website, foxnewssunday.com and we'll post the video before noon eastern time. follow us on twitter @foxnewssunday. this program note. tune in to "fox news channel" tonight at 9:00 p.m. eastern for fly me to the moon. chord...
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Dec 9, 2012
12/12
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FOXNEWSW
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get the tax issues off the table. >> so the fiscal cliff. >> let the president own it. >> it ends with a witcher, not a -- whimper, not a bang. >> yes. >> there you go. thank you, panel. check out the panel plus where we pick up on our website, foxnewssunday.com and we'll post the video before noon eastern time. follow us on twitter @foxnewssunday. this program note. tune in to "fox news channel" tonight at 9:00 p.m. eastern for fly me to the moon. chord by neil cavuto, a marks the 40th anniversary of the last time man walked on the lunar surface. next, some final thoughts about my best friend. with the spark miles card from capital one, thor gets great rewards for his small business! your boa! [ garth ] thor's small business earns double miles on every purchase, every day! ahh, the new fabrics. put it on my spark card. ow. [ garth ] why settle for less? the spiked heels are working. wait! [ garth ] great businesses deserve great rewards. [ male announcer ] the spark business card from capital one. choose unlimited rewards with double miles or 2% cash back on every purchase, every day!
get the tax issues off the table. >> so the fiscal cliff. >> let the president own it. >> it ends with a witcher, not a -- whimper, not a bang. >> yes. >> there you go. thank you, panel. check out the panel plus where we pick up on our website, foxnewssunday.com and we'll post the video before noon eastern time. follow us on twitter @foxnewssunday. this program note. tune in to "fox news channel" tonight at 9:00 p.m. eastern for fly me to the moon. chord...
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Dec 9, 2012
12/12
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KPIX
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here at home, we are just over three weeks away from falling over the so-called fiscal cliff, that combination of tax increases and deep federal spending cuts. nancy cordes reports, the back- and-forecast showed no sign of letting up today 20 white house and republicans in congress. dr reporter: in his saturday weekly address, president obama nignaled he is open to making cuts on programs like medicare agd medicaid if republicans atree to raise tax rates for the rich. fini'm willing to find ways to cing down the cost of health care without hurting seniors and dther americans who depend on it. and i'm willing to make more entitlement spending cuts on top of the $1 trillion in spending duts i signed into law last year. >> reporter: his remarks came one day after house speaker john aehner announced the talks were stalled. >> well, this isn't a progress report because there's no progress to report. >> reporter: his democratic counter-part, nancy pelosi, blamed boehner for the stalemate. >> what they offered in return nas an empty letter, lacking in the fics. 3 dreporter: such is the state of negot
here at home, we are just over three weeks away from falling over the so-called fiscal cliff, that combination of tax increases and deep federal spending cuts. nancy cordes reports, the back- and-forecast showed no sign of letting up today 20 white house and republicans in congress. dr reporter: in his saturday weekly address, president obama nignaled he is open to making cuts on programs like medicare agd medicaid if republicans atree to raise tax rates for the rich. fini'm willing to find...
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Dec 5, 2012
12/12
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KPIX
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cliff. a series of tax increases and spending cuts due to kick in at the end the year. >> god bless us, everyone. >> reporter: speaker boehner offered the republican proposal this week and now he faces opposition from president obama. >> the speaker's proposal is out of balance. >> reporter: some in his own party are lining up against him. jim demint a tea party leader said speaker boehner's $800 billion tax hike will destroy american jobs and allow politicians in washington to spend even more. disagreements among republicans and democrats here on capitol hill is nothing new, but tuesday a republican aide told us the two sides aren't even talking. not surprisingly the white house disagrees. >> i can guarantee you conversations continue at different levels. and among different groups. >> reporter: both parties are ready to play the blame game in case negotiations fail. >> there's only one person out of 370 million americans who can sign something into law and that's the president. >> 60% of a
cliff. a series of tax increases and spending cuts due to kick in at the end the year. >> god bless us, everyone. >> reporter: speaker boehner offered the republican proposal this week and now he faces opposition from president obama. >> the speaker's proposal is out of balance. >> reporter: some in his own party are lining up against him. jim demint a tea party leader said speaker boehner's $800 billion tax hike will destroy american jobs and allow politicians in...
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Dec 13, 2012
12/12
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CSPAN
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when you think about fiscal cliff, the bush tax cuts have collapsed, sequestration cuts spending, and then there's a trillion dollar tax increase that obama has over the next decade to pay for obamacare. interestingly, he decided to delay those taxes until after he was reelected. but they start kicking in in january. very painful and hit the middle class hard. the reason not to raise taxes is to have a spending problem. we spent too much money. raising taxes is not part of spending less. it's not part of a compromise or anything. it is what politicians do instead of. reforming of - instead of reforming government. europeans eventually put in energy taxes and that is what obama is doing. he spent his five trillion dollars in the first term and wants to take us a trillion dollars more in debt over the next decade. there's no way to raise taxes to pay for that. we have to rein in spending. raising taxes is what politicians do when they don't have the courage to reform government. host: you can read this new press release on the internet. canada and middle-class families face high medical
when you think about fiscal cliff, the bush tax cuts have collapsed, sequestration cuts spending, and then there's a trillion dollar tax increase that obama has over the next decade to pay for obamacare. interestingly, he decided to delay those taxes until after he was reelected. but they start kicking in in january. very painful and hit the middle class hard. the reason not to raise taxes is to have a spending problem. we spent too much money. raising taxes is not part of spending less. it's...